Ownership Submission
FORM 5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Form 3 Holdings Reported
Form 4 Transactions Reported
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person *
RILEY BRYANT R
 2. Issuer Name and Ticker or Trading Symbol
ITERIS, INC. [ITI] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)

11100 SANTA MONICA BLVD STE 810, 		 3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2006
(Street)


LOS ANGELES, CA 90025		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Reporting
(check applicable line)

___ Form Filed by One Reporting Person
_X_ Form Filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Amount (A) or (D) Price
Common Stock     3         I Footnote (1)
Common Stock 05/25/2006   P4 15,000 A $ 2.2811 2,421,686 I Footnote (1)
Common Stock 05/31/2006   P4 20,100 A $ 2.3402 2,441,787 I Footnote (1)
Common Stock 06/07/2006   P4 25,000 A $ 2.18 2,466,787 I Footnote (1)
Common Stock 06/14/2006   P4 8,000 A $ 2.1425 2,474,786 I Footnote (1)
Common Stock 06/22/2006   P4 15,000 A $ 2.15 2,489,786 I Footnote (1)
Common Stock 06/23/2006   P4 37,000 A $ 2.15 2,526,786 I Footnote (1)
Common Stock 07/12/2006   P4 27,500 A $ 2.3467 2,554,286 I Footnote (1)
Common Stock 07/19/2006   P4 11,004 A $ 2.35 2,565,290 I Footnote (1)
Common Stock 07/20/2006   X4 183,333 A $ 1.5 2,748,623 I Footnote (1)
Common Stock 07/21/2006   P4 4,585 A $ 2.35 2,753,208 I Footnote (1)
Common Stock 07/28/2006   P4 4,585 A $ 2.45 2,757,793 I Footnote (1)
Common Stock 07/28/2006   P4 22,482 A $ 2.4 2,780,275 I Footnote (1)
Common Stock 07/31/2006   P4 5,000 A $ 2.45 2,785,275 I Footnote (1)
Common Stock 08/09/2006   P4 39,431 A $ 2.3859 2,824,706 I Footnote (1)
Common Stock 08/10/2006   P4 6,419 A $ 2.4 2,831,125 I Footnote (1)
Common Stock 08/11/2006   P4 45,850 A $ 2.3953 2,876,975 I Footnote (1)
Common Stock 08/31/2006   P4 22,925 A $ 2.4839 2,899,900 I Footnote (1)
Common Stock 09/15/2006   P4 39,491 A $ 2.5 2,939,391 I Footnote (1)
Common Stock 11/20/2006   P4 5,410 A $ 2.25 2,944,801 I Footnote (1)
Common Stock     3         I Footnote (2)
Common Stock 07/10/2006   S4 1,300 D $ 2.34 0 I Footnote (2)
Common Stock 07/20/2006   X4 41,667 A $ 1.5 41,667 I Footnote (2)
Common Stock 05/22/2006   P4 50,000 A $ 2.37 50,000 I Footnote (3)
Common Stock     3         D (4)  

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Warrant to Purchase Common Stock $ 3.86     3     05/19/2004 05/18/2009 Common Stock
80,875
  80,875
I
Footnote (1)
Warrant to Purchase Common Stock $ 4.03     3     05/19/2004 05/18/2009 Common Stock
77,505
  77,505
I
Footnote (1)
Warrant to Purchase Common Stock $ 3.61     3     05/19/2004 05/18/2009 Common Stock
15,506
  15,506
I
Footnote (2)
Warrant to Purchase Common Stock $ 3.86     3     05/19/2004 05/18/2009 Common Stock
21,998
  21,998
D (4)
 
Warrant to Purchase Common Stock $ 4.03     3     05/19/2004 05/18/2009 Common Stock
21,081
  21,081
D (4)
 
6% Convertible Debenture $ 3.61     3     05/19/2004 05/19/2009 Common Stock
88,644
  88,644 (6)
I
Footnote (5)
Warrant to Purchase Common Stock $ 3.86     3     05/19/2004 05/18/2009 Common Stock
10,352
  10,352
I
Footnote (5)
Warrant to Purchase Common Stock $ 4.03     3     05/19/2004 05/18/2009 Common Stock
9,920
  9,920
I
Footnote (5)
Warrant to Purchase Common Stock $ 1.5     3     07/29/2003 07/30/2006 Common Stock
183,333
  183,333
I
Footnote (1)
Warrant to Purchase Common Stock $ 1.5     3     07/29/2003 07/30/2006 Common Stock
41,667
  41,667
I
Footnote (2)
Warrant to Purchase Common Stock $ 1.5 07/20/2006   X4   183,333 07/29/2003 07/30/2006 Common Stock
183,333
$ 0 0
I
Footnote (1)
Warrant to Purchase Common Stock $ 1.5 07/26/2006   X4   41,667 07/29/2003 07/30/2006 Common Stock
41,667
$ 0 0
I
Footnote (2)

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
RILEY BRYANT R
11100 SANTA MONICA BLVD STE 810
LOS ANGELES, CA 90025		     X    
Riley Investment Management LLC
11100 SANTA MONICA BLVD.
SUITE 810
LOS ANGELES, CA 90025		     X    
Riley Investment Partners Master Fund, L.P.
11100 SANTA MONICA BOULEVARD
SUITE 810
LOS ANGELES, CA 90025		     X    

Signatures

/s/ Bryant R. Riley 02/06/2007
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Bryant Riley, as sole equity owner of Riley Investment Management LLC, General Partner of Riley Investment Partners Master Fund, L.P (the "Master Fund"). The Master Fund is the holder of the shares.
(2) Bryant Riley, as controlling shareholder of B. Riley and Co. Inc.
(3) Bryant Riley, as trustee of the B. Riley & Co. Retirement Trust
(4) Bryant Riley, as holder of a joint account with his spouse.
(5) Bryant Riley, as custodian for his children. Reporting Persons disclaim beneficial ownership of these securities.
(6) On an as convertd to common stock basis.

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